With so many different cryptocurrencies, blockchains, crypto wallets, and DeFi platforms, the life of a trader can get pretty complicated. Therefore, many crypto enthusiasts tend to search for the best crypto trackers to help them bring a bit of order into the chaotic world of cryptocurrencies.
While it would be ideal to have a crypto tracker that would track it all, as of writing, there is no such thing. However, there are various types of crypto tracking apps that have specific purposes (portfolio tracking, tax tracking, crypto price tracking, and so on), some of which even incorporate several of those.
Since it can all get a bit confusing, I’ll firstly present you with the main types of crypto trackers and then go over some of the best crypto trackers on the market that can be utilized to track your trading journey, no matter if you’re a user of Binance, Kraken, KuCoin, or any other prominent crypto exchange.
Though, if you already know what type of tracker you need, you can jump straight into the list:
- BitDegree (crypto price tracker)
- CoinStats (crypto portfolio and price tracker)
- Etherscan (blockchain tracker)
- Whale Alert (crypto whale tracker)
- CoinTracking (crypto tax and portfolio tracker)
- CoinMarketCap (crypto price and portfolio tracker)
- CoinTracker (crypto tax and portfolio tracker)
So, let’s begin with the basics.
Best Crypto Tracker: What is a Crypto Tracker?
If you type into Google “best crypto tracker,” you’ll most likely stumble across many “best crypto portfolio tracker” articles. However, while it probably is one of the most popular types of trackers, it's not the only one. So, how many types of crypto trackers actually exist, and how can they benefit you?
Crypto Portfolio Tracker
Let’s begin with a crypto portfolio tracker, since I’ve already mentioned it. As the name suggests, it allows you to track your crypto portfolio. What is that, though? A portfolio, in the context of finance and investing, is a collection of an investor's financial holdings (could be stocks, fiat, bonds, and so on). So, when it comes to a crypto portfolio, it simply is a collection of the crypto assets you own.
Crypto portfolio trackers allow you to monitor all your crypto holdings in one place, no matter where you hold them or on what blockchain they reside. They are especially useful if you hold your crypto in separate crypto wallets and crypto exchanges.
You can use a crypto portfolio tracker to see the current prices of your assets, the places where you hold them, as well as the history of your transactions. Besides, they usually provide you with reports on your profits and losses.
Crypto Price Tracker
Another type of tracker is a crypto price tracker. In essence, it allows you to track the prices of a huge variety of cryptocurrencies, as well as other important information about them.
While the amount of tracked currencies can differ between trackers, as new assets emerge each day, the best crypto price trackers are capable of monitoring the majority of existing cryptocurrencies.
As previously noted, in addition to the asset's current price, this type of tracker also gives you access to other information, such as market cap, total and maximum supply, social signals, price history, and much more.
Crypto Tax Tracker
In many countries, crypto trading is a taxable event. However, it’s not that easy to calculate these taxes. Therefore, traders search for the best crypto tax trackers to help them.
Such trackers consider variables like the date and time of the transaction, the type and amount of cryptocurrency involved, as well as the price at which it was purchased and sold. Using all this information, the tracker composes a report on your gains and losses, which can then be used for calculating your taxes.
However, do note that there is a variety of crypto tax trackers that offer different features. Besides, some of them can get pretty pricey.
Crypto Whale Tracker
This one might sound a bit funny if you don’t know what a crypto whale is. And no, I’m not referring to a gigantic aquatic animal. In the context of crypto, whales are traders who hold a large number of cryptocurrencies.
Why would you want to track them? Well, their moves can definitely make a significant impact on the whole crypto market, influencing crypto prices. Thus, a crypto whale tracker allows you to see the transactions made by whales so you can make your own trading decisions accordingly.
Crypto Wallet Tracker
This type of tracker allows you to track crypto wallets (obviously). However, I’m not talking about tracking your own wallets. Instead, it allows you to track the wallets of other traders to see what kind of trading decisions they make.
This is a useful tool if you want to track a crypto whale or simply a successful crypto trader to see potentially good trading decisions. So, it kind of can be used as a crypto whale tracker as well.
Blockchain Tracker
A blockchain tracker (or a blockchain explorer) allows you to see all information that is related to blocks, transactions, and addresses related to the blockchain in question.
Traders usually use this type of tracker to check the transparency and accountability of a blockchain, see how it operates, check the legitimacy of wallet addresses, and even determine issues that occur during the transaction verification process.
Besides that, if the tracker is based on a blockchain that supports smart contracts (like Ethereum), it can be used as a smart contract tracker.
Now, although there are several types of crypto trackers, note that the most popular ones frequently integrate different kinds. So, for instance, you might have a tax tracker and cryptocurrency portfolio tracker in one place. Alternately, you can track cryptocurrency whales and wallets using a blockchain tracker.
Keeping that in mind, it’s time to go over the platforms that are considered to be some of the best crypto trackers by many traders. No matter if you’re looking for the best crypto wallet tracker, the best crypto whale tracker, or the best free crypto portfolio tracker, you’ll find a bit of everything here.